Review on Chainlink by Özgün A
LINK
It is described by its developers as a secure blockchain tool that aims to provide the link between smart contracts and blockchain by allowing smart contracts to access off-chain resources such as data flows, web APIs, and traditional bank account payments. Chainlink ecosystem is shaped around the LINK token and the LINK network. With the release of APIs and other platforms, developers aim to increase the applicability and usability of smart contracts in the business world. With the developing blockchain technology, adapting many companies and services to the blockchain system or setting up their own blockchain systems is a troublesome process in many ways. At this point, the Chainlink system enables these non-blockchain systems to adapt to blockchain systems with smart contracts.
Updated 4 years ago
Rating changed from 3 to 4
Chainlink's smart contracts offer solid guarantees for the continuation of these contracts. For example, in cases such as insurance fraud, it will prevent you from approving this system. So now, thanks to these contracts, everything will be more transparent and reliable. This is awesome! And these situations attracted the attention of users so much that it has surpassed BitcoinCash in volume today. It travels in the middle levels as a price. Finally, I want to say this: The common feature of systems that have been growing rapidly recently is to combine structures on blockchains, giving these users confidence.
Pros
- can be improved
- Bank transfers accepted
- Trading algorithms
Cons
- Lack of a standard policy
